TEB Kosovo's Q4 2023 net profit up 9.5% y/y

TEB’s loan portfolio amounted to 598 million euro at the end of December 2023, up from 535 million a year earlier, TEB said in a data release earlier this week.

The bank’s deposit portfolio rose to 723 million euro at end-December from 651 million euro a year earlier.

Total assets grew to 858.7 million euro at the end of 2023, from 760.4 million euro at the end of 2022.

TEB was the fifth largest lender by assets among 11 banks that operated in Kosovo in the fourth quarter of 2023, according to Kosovo’s bank association.

($ = 0.920 euro)